Topic: what would happen to bitcoin if... - page 2. (Read 2050 times)
Do you really want an exchange that is strong enough to fix a price to Bitcoins? Think about it for a while. How would it even be possible? What happens when another exchange allows Bitcoins to be traded for a different price? What happens when I decide to trade Bitcoins for a different price? I think the creator of Bitcoin was going for decentralization for a reason.
How would a code change fix the price??
Magic
I was speaking about exchanges etc. thanks for your useful post though
price fixing doesn't work.
unless you punish people (jail time, death penalty?) for trading at a different price, there will always be market pressure to do so.
unless you punish people (jail time, death penalty?) for trading at a different price, there will always be market pressure to do so.
ty
It's been a while since I coded anything, let me take a whack
It may need a few tweaks.
It's hard to answer your question though (as what would happen) because I'm not even sure -how- that would happen, which would alter things, on top of getting enough clients to switch over to the fiat-pinned version.
Code:
10 Print HELLO
20 Print How much are Bitcoins?
30 Input 8-8
40 Print Bitcoins are $Input
20 Print How much are Bitcoins?
30 Input 8-8
40 Print Bitcoins are $Input
It may need a few tweaks.
It's hard to answer your question though (as what would happen) because I'm not even sure -how- that would happen, which would alter things, on top of getting enough clients to switch over to the fiat-pinned version.
price fixing doesn't work.
unless you punish people (jail time, death penalty?) for trading at a different price, there will always be market pressure to do so.
unless you punish people (jail time, death penalty?) for trading at a different price, there will always be market pressure to do so.
How would a code change fix the price??
http://www.funbumperstickers.com/images/Mickey_Mouse_Fantasia.gif
Magic
How would a code change fix the price??
What do you think would happen to bitcoin say a year from now if it was more widely adopted and being used as say a paypal alternative but bitcoins were at a fixed price? Lets just say $8.00/btc
thoughts?
thoughts?
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